SAN FRANCISCO, Sept. 15, 2020 (GLOBE NEWSWIRE) -- The Market has witnessed shift in demand towards organic and natural cosmetics, which also provides avenues for growth. Factors such as increasing consumer awareness and rise in disposable income are estimated to contribute significantly towards industry growth over the next seven years.
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Global Cosmetics Market is expected to rise from its initial estimated value of USD 435.47 Billion in 2018 to an estimated value of USD 648.31 Billion by 2026, registering a CAGR of 5.10% during the forecast period of 2019-2026. This rise in market value can be attributed to the changing lifestyles and rising disposable income of several countries.
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Presently, the global cosmetics market is dominated by several key players including LOreal International, Avon Products, Inc., Procter & Gamble, Unilever, Oriflame Cosmetics AG, REVLON, Kao Corporation, The Estée Lauder Companies Inc., Skin Food, Johnson & Johnson Services, Inc., Bayer AG, Henkel AG & Co. KGaA, Clarins, Alticor Inc., Mary Kay Inc., Beiersdorf AG, Yves Rocher, Shiseido Co., Ltd, Maybelline New York and Nykaa E-Retail Pvt. Ltd.
The titled segments and sub-section of the market are illuminated below:
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How Does This Market Insights Help?
Changing lifestyles
Improvement in the current lifestyles of the individuals is majorly affecting the cosmetics market. Consumers have now become more conscious regarding the usage of cosmetics in their daily life in an effort to step up their style quotient and overall personality. Cosmetics play an important role in enhancing one’s inherent beauty and physical features. Men are also increasingly using cosmetics in their daily routine including various types of fragrances and deodorants. This growing demand of cosmetic products has in turn led to the growth of cosmetics market across the world.
Note – The COVID-19 (coronavirus) pandemic is impacting society and the overall economy across the world. The impact of this pandemic is growing day by day as well as affecting the supply chain. The COVID-19 crisis is creating uncertainty in the stock market, massive slowing of supply chain, falling business confidence, and increasing panic among the customer segments. The overall effect of the pandemic is impacting the production process of several industries. This report on ‘’ provides the analysis on impact on COVID-19 on various business segments and country markets. The reports also showcase market trends and forecast, factoring the impact of COVID-19 Situation.
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Key Developments in the Market:
Market Drivers and Restraints:
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Table of Contents –Analysis of Key Points
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